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Version date: 27 March 2020 - onwards

RBC90 Transitional arrangements (paras. 90.1-90.2) (effective as of 01 January 2023)

90.1 The output floor will be implemented as of 1 January 2023, based on the following calibration phase-in arrangement:

Phase-in arrangements for output floor

Table 1

Date

Calibration

1 January 2023

50%

1 January 2024

55%

1 January 2025

60%

1 January 2026

65%

1 January 2027

70%

1 January 2028

72.5%

90.2 During the phase-in period, supervisors may exercise national discretion to cap the incremental increase in a bank’s total risk-weighted assets (RWA) that results from the application of the floor. This transitional cap will be set at 25% of a bank’s RWA before the application of the floor. In the example shown in RBC20.13, the application of this national discretion by the supervisor would cap the bank’s RWA to 95 (ie a 25% increase of its pre-floor RWA of 76).